SEC Ends Two-Year Probe Into Ondo Finance
The U.S. Securities and Exchange Commission has concluded its two-year investigation into ONDO Finance without pursuing enforcement action. The probe, initiated in October 2023 under Chairman Gary Gensler's leadership, focused on the company's tokenized U.S. Treasury products and the regulatory status of its ONDO tokens.
Ondo Finance received formal notification of the investigation's closure in late November. The resolution removes a significant regulatory overhang, enabling the company to proceed with its U.S. expansion plans. This follows Ondo's registration as an investment advisor and its acquisition of Oasis Pro Markets.
The decision signals potential regulatory clarity for tokenized real-world assets, a sector that has drawn increasing institutional interest. Market participants will be watching closely to see if this outcome establishes precedent for similar crypto-financial hybrid products.
